Latest finance news – Page 156
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NewsAsda revives ‘Asda Price’ campaign as part of £100m spending salvo
Grocer Asda has bought back its ‘Asda Price’ campaign to promote a £100m investment in reducing prices on thousands of own-brand and branded products.
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NewsForever 21 owner ABG completes £250m Brooks Brothers deal
Authentic Brands Group (ABG) and Simon Property Group have completed their $325m (£249m) acquisition of Brooks Brothers.
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NewsDebenhams deadline for rescue bids looms
Debenhams has urged prospective bidders to formalise their offers today in a bid to secure the ailing department store’s future.
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NewsM&S and Ocado joint venture goes live
The joint venture between Marks & Spencer and Ocado has gone live, with the two retailers pledging to expand capacity by 40% by the end of next year.
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NewsMoss Bros drafts in advisers as it mulls possible CVA
Struggling menswear retailer Moss Bros has drafted in KPMG as it considers closing stores and slashing jobs in a bid to ride out the pandemic.
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NewsDunelm performance ahead of expectation as post-lockdown sales soar
Homewares retailer Dunelm has said its financial performance for the year is ahead of expectation as post-lockdown sales soar.
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NewsAnn Summers ponders CVA after ‘toughest year’
Lingerie and sex toys specialist Ann Summers is poised to launch a CVA after suffering increased losses in its latest reported year.
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NewsWalmart and Microsoft join forces on TikTok bid
Walmart has joined forces with Microsoft to launch a multibillion-dollar bid for TikTok’s US business.
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NewsThe Works swings to loss amid ‘significant’ coronavirus impact
The Works has swung to a pre-tax loss following the “significant impact” of the coronavirus crisis.
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NewsThe Hut Group targets £4.5bn valuation in stock market float
The Hut Group has revealed its intention to float on the London Stock Exchange, with a target valuation of £4.5bn.
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NewsNew Look ‘very confident’ of winning CVA support but landlord body hits out
New Look chief executive Nigel Oddy is “very confident” landlords will back the fashion retailer’s proposed CVA – its second in two years.
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NewsNew Look launches CVA following new financing
Under-pressure fashion retailer New Look has unveiled CVA proposals after conducting a £440m debt-for-equity swap and with lender backing.
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NewsDebenhams gears up for business rates battle to decide its future
Department store chain Debenhams is gearing up for a battle over a proposed business rates hike on one of its stores that it says could decide the future of the whole group.
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NewsFrasers Group considers mothballing Bob’s Stores chain after Nike severs ties
Frasers Group has launched a strategic review of its Bob’s Stores chain in the US after Nike revealed it will stop supplying product to the business.
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NewsDFS reports trading ‘significantly ahead of expectations’
DFS, the specialist sofa retailer, has reported strong trading in recent weeks as consumers splashed out on their homes.
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NewsStudio Retail profits grow as it anticipates ‘strong’ Christmas trading
Online value retailer Studio has reported positive full-year results, which have since been strengthened by trading throughout the last 20 weeks.
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NewsRetailers and landlords clash over rent holiday
The biggest lobby groups representing retailers and landlords have become embroiled in a row over rent holidays amid the coronavirus crisis.
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NewsFrasers Group rescues DW Sports from administration in £37m deal
Frasers Group has rescued Dave Whelan’s DW Sports from administration in a £37m deal.
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NewsDebenhams parent company Celine teeters on brink
Debenhams’ parent company has drafted in advisers as it prepares to enter administration, just months after the department store chain collapsed for the second time in a year.
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NewsEstée Lauder to axe 2,000 jobs as coronavirus hammers profits
Cosmetics giant Estée Lauder is cutting 2,000 jobs across the globe amid plans to close stores and department store beauty counters in the wake of the coronavirus crisis.